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Parallel Systems
Intermodal freight transportation company
Industrial & Manufacturing
Hardware
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Company Overview
Parallel Systems is a pioneering startup in the intermodal transportation sector, focusing on decarbonizing freight and enhancing supply chain logistics and safety. They are developing autonomous and electric transportation systems for existing rail infrastructure, offering a competitive edge by enabling railroads to tap into the $700 billion U.S. trucking industry. Their commitment to a cleaner, automated rail future, demonstrated by their zero-emissions rail vehicles, positions them as industry leaders in infrastructure utilization and service improvement.
Industrial & Manufacturing
Hardware
B2B
Company Stage
Series A
Total Funding
$58.5M
Founded
2020
Headquarters
Los Angeles, California
Growth & Insights
Headcount
6 month growth
↓ -5%1 year growth
↑ 17%2 year growth
↑ 150%Location
Experience Level
Category
Education Level